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. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics a
. >> china, china, china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally finally bottomed out, the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well...
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they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our ambassador chased him down the hallway and finally cornered him long enough to say we wanted to talk. two weeks later a chinese car flying the chinese flag arrived at our embassy and brings the ambassador saying, okay, i'm ready to talk. >> but the meetings met with little progress. in the summer of 1969 with lower bureaucratic channels broken down kissinger and nixon devised a plan to go straight to the top, right to chairman mao. during a trip to pakistan they asked the president to arrange the china connection. >> nothing happened for six mo
they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our...
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. >> richard nixon said when he went to china with you of course in '72, the week he was there, he said this is the week that changed the world. >> he was right. >> well those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter. we'll highlight the most interesting ones on our website. thank you for joining us tonight. we hope your decision to watch our show was not a tough one. >> you are in the cnn news room, i'm martin savidge, in this weekend for fredricka witfield. this hour and throughout the day we're following breaking developments on a story that affects every single american. yes i'm talking about the fiscal cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't
. >> richard nixon said when he went to china with you of course in '72, the week he was there, he said this is the week that changed the world. >> he was right. >> well those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter. we'll highlight the most interesting ones on our website. thank you for joining us tonight....
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. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >>> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >>> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it until after the election. had they
. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a...
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china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a bipartisan agreement. at some point in the negotiating pro
china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting...
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abby, you lived in china. china is pivotal, there in syria, with iran. everybody is looking to china for leadership. >> and let's be clear. north korea, all they really have is military power. and what keeps them afloat? china. we're talking about our relationship with china. and it's such an important one. this signifies the magnitude of importance here. china is a tough relationship. it reminds me of a game of chess. it's not a game of checkers. you have to think ten steps ahead when dealing with china. if you want to talk about human rights, you're going to have to take something else off the table. so, you have to move forward in a way that we can work with china. it's a challenge. but it's also potentially an opportunity. >> it's crucial. carol, china is pivotal economically, increasingly militarily, politically, certainly. it is the place that everyone has to look to for guidance and leadership on all these issues. >> right. and i think the big question here is, can we believe that china really is all up in arms, please excuse the pun, over the sit
abby, you lived in china. china is pivotal, there in syria, with iran. everybody is looking to china for leadership. >> and let's be clear. north korea, all they really have is military power. and what keeps them afloat? china. we're talking about our relationship with china. and it's such an important one. this signifies the magnitude of importance here. china is a tough relationship. it reminds me of a game of chess. it's not a game of checkers. you have to think ten steps ahead when...
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healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal cliff come into effect, and they're not reversed. and you don't even have to wait for the full magnitude which would, as you rightly know, ali, it's not a cliff, it's a slope. it's an ever-increasing slope over several months. you don't even have to wait long. you've only got to see what would happen when the social security withholdings start increasing, the withholding tax starts to move up. then you see that boomeranging effect we talked about. >> you and i have made fun of a lot of the europeans who have not been able to get their act together. when you look at the united states, who's messing it up more? >> i
healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal...
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china, the rise of asia this the world economy. this is not a place that anybody wants to see this kind of security destabilization, if you will, and the u.s. has spent many years trying to work through the chinese to get to the north koreans to try to convince them to back off of this effort, but it looks like they have no intention of doing so. >> barbara starr appreciate your reporting tonight and paul hancock as well. >>> and two new offers on the table. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. how they'll live tomorrow. for more than 116 years, ameriprise financial has
china, the rise of asia this the world economy. this is not a place that anybody wants to see this kind of security destabilization, if you will, and the u.s. has spent many years trying to work through the chinese to get to the north koreans to try to convince them to back off of this effort, but it looks like they have no intention of doing so. >> barbara starr appreciate your reporting tonight and paul hancock as well. >>> and two new offers on the table. ♪ ♪ [ male...
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china, the rise of asia in the world economy. this is not a place that anybody wants to see this kind of security destabilization, if you will, and the u.s. has spent many years trying to work through the chinese to get to the north koreans to try to convince them to back off of this effort, but it looks like they have no intention of doing so. >> barbara starr appreciate your reporting tonight and paul hancock as well. >>> and two new offers on the table. w? >>> we've talked about the shooting at the oregon mall. ahead, more accounts. >>> more on the shooting outside of portland coming up. first raw politics. late new developments tonight. two new offers on the table, one from the white house, a counteroffer from house republicans and the details are sketchy. the white house offer includes $1.4 trillion in new tax revenues. democratic source says the tax hikes are paired with a serious spending cut number with real entitlement reform. we are hearing negative reaction from one gop aide saying 1.4 isn't progress in this late game.
china, the rise of asia in the world economy. this is not a place that anybody wants to see this kind of security destabilization, if you will, and the u.s. has spent many years trying to work through the chinese to get to the north koreans to try to convince them to back off of this effort, but it looks like they have no intention of doing so. >> barbara starr appreciate your reporting tonight and paul hancock as well. >>> and two new offers on the table. w? >>> we've...
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. >> number five, china. for sure by 2030. >> china. >> china getting more than a few mentions during the presidential campaign probably because it's clear they are both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. they bought entire neighborhoods, but first time buyers got a home of their own as long as they had a hefty down payment. >> number two. >> cnn projects that barack obama will be reelected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism and spending and cutting and what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming and didn't bother to pay any attention to it until after the el
. >> number five, china. for sure by 2030. >> china. >> china getting more than a few mentions during the presidential campaign probably because it's clear they are both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a...
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and on the northern side, people talked a lot about china. >> did you know where china was? >> translator: no. not at all. it just happened that the way i was going was toward the border. >> with amazing luck and cunning, shin managed to steal and bribe his way across the border. and quietly work his way through china, where he would have been sent back, if he was caught. in shanghai, he snuck into the south korean consulate and was granted asylum. in 2006, he arrived in south korea, with not a friend in the world. he was so overwhelmed by culture shock and posttraumatic stress, he had to be hospitalized. more than seven years later, it's remarkable how far shin's come. he's 30 now. has made friends and built a new life for himself in seoul, south korea. but old demons from camp 14 are never far behind. and shin now admits there was something he was hiding. two years ago, he finally confessed to author blaine harden. >> when he first told me about the execution of his mother and brother, he didn't say that he had turned them in. >> you reported your mother and your brother?
and on the northern side, people talked a lot about china. >> did you know where china was? >> translator: no. not at all. it just happened that the way i was going was toward the border. >> with amazing luck and cunning, shin managed to steal and bribe his way across the border. and quietly work his way through china, where he would have been sent back, if he was caught. in shanghai, he snuck into the south korean consulate and was granted asylum. in 2006, he arrived in south...
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china, the rise of asia this the world economy. this is not a place that anybody wants to see this kind of security destabilization, if you will, and the u.s. has spent many years trying to work through the chinese to get to the north koreans to try to convince them to back off of this effort, but it looks like they have no intention of doing so. >> barbara starr appreciate your reporting tonight and paul hancock as well. >>> and two new offers on the table. their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for
china, the rise of asia this the world economy. this is not a place that anybody wants to see this kind of security destabilization, if you will, and the u.s. has spent many years trying to work through the chinese to get to the north koreans to try to convince them to back off of this effort, but it looks like they have no intention of doing so. >> barbara starr appreciate your reporting tonight and paul hancock as well. >>> and two new offers on the table. their own future. how...
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as well if they go ahead with this launch because china just, a day before they've announced this possible rocket launch, had been to see them. there had been a politburo member going to pyongyang trying to convince them not to carry out this rocket launch, and yet they've gone ahead with it anyway. certainly we can see relations souring a little there. >> paula, when they've had launcheses that have failed in the past, do they admit the failure? >> well, you know, that's interesting, anderson, they actually did admit back in april the launch was a failure. that was the first time ever that we'd heard those words from pyongyang, the fact that something had failed. in the past, back in 2006, 2009, they had claimed domestically that it was a grand success and that they managed to put a satellite up into orbit. internationally we fwhoo that wasn't the case and they were failures but internally they always wanted to say things were a success. that changed in april probably because they had the international media camped out in pyongyang as well. so they couldn't necessarily lie about it. but a
as well if they go ahead with this launch because china just, a day before they've announced this possible rocket launch, had been to see them. there had been a politburo member going to pyongyang trying to convince them not to carry out this rocket launch, and yet they've gone ahead with it anyway. certainly we can see relations souring a little there. >> paula, when they've had launcheses that have failed in the past, do they admit the failure? >> well, you know, that's...
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was laid off in 2010 from work, cindy then took time off work to care for the baby they adopted from china, and they were hoping to adopt another child, but finances were tight and so on. now of course they can afford to do all this. but they seem very decent, i say ordinary, i don't mean ordinary in any kind of negative way, i just mean regular americans. >> yes. they are very grounded. they have strong bonds with their family. they really enjoy their family. they will definitely take care of their family now. >> let's play a little clip, this is of cindy, who bought the ticket, at the press conference earlier. >> i didn't have my glasses and i was thinking is that the right numbers, is that the right numbers? and i was shaking and i called my husband, i said i think i'm having a heart attack, god blessed us with this. and for some reason, he put it in our hands. i think to make sure that it goes to the right things. and -- but we were blessed before we ever won this. >> how do you guys find out about this, walt? >> since we're pretty familiar in the community, several people in the commu
was laid off in 2010 from work, cindy then took time off work to care for the baby they adopted from china, and they were hoping to adopt another child, but finances were tight and so on. now of course they can afford to do all this. but they seem very decent, i say ordinary, i don't mean ordinary in any kind of negative way, i just mean regular americans. >> yes. they are very grounded. they have strong bonds with their family. they really enjoy their family. they will definitely take...
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i'm like, you're right, they built it in china. >> all the fact checking organizations say it was totally taken out of context and very misleading, but i really wish we had those three minutes for will to rehash the whole "you didn't build that" -- >> please, never revisit that, you didn't build that. >> well, the viral videos helped spread the word about it. now, number four, our old friend herman cain, a lot of us were afraid after his pokemon concession speech, we'd never hear from him again, but he does have a life after the presidential campaign. this video involving chickens. >> is the average american taxpayer feeding big government? >> ahh! >> any questions? >> i've got a lot of questions. that is so weird. >> i totally get that video. see, the guy represents the american people, the chicken represents big government, and herman cain represents nobody ever, because he'll never get elected to anything, ever. >> you talk to herman, he still swears, he would have been the republican nominee. and i'm sitting there going, herman, seriously, you need a mental checkup. >> there's somethi
i'm like, you're right, they built it in china. >> all the fact checking organizations say it was totally taken out of context and very misleading, but i really wish we had those three minutes for will to rehash the whole "you didn't build that" -- >> please, never revisit that, you didn't build that. >> well, the viral videos helped spread the word about it. now, number four, our old friend herman cain, a lot of us were afraid after his pokemon concession speech,...
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. >> yeah, that's right, they built it in china. >> let's never revisit that. you didn't build that. >> i'll tell you one thing, viral videos helped spread the word about it. number four, our old friend herman cain, a lot of our friends were afraid after his pokemon speech, we'd never hear from him again. this video game involving chickens. >> your average american taxpayer, big government. >> ahh! >> any questions? >> i've got a lot of questions. that is so weird. >> i totally get that video. see, the guy represents the american people, the chicken represents big government, and herman cain represents nobody ever, because he'll never get elected to anything, ever. >> you talk to herman, he still swears, he would have been the republican nominee. and i'm sitting there going, herman, seriously, you need a mental checkup. >> there's something in there that explains why we like herman cain. >> but sad reality, he was the republican front-runner. >> everybody was the republican front-runner! will was? >> never have chicken wings at a godfather's pizza. >> the next
. >> yeah, that's right, they built it in china. >> let's never revisit that. you didn't build that. >> i'll tell you one thing, viral videos helped spread the word about it. number four, our old friend herman cain, a lot of our friends were afraid after his pokemon speech, we'd never hear from him again. this video game involving chickens. >> your average american taxpayer, big government. >> ahh! >> any questions? >> i've got a lot of questions. that...
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you had hong kong and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on the market as we move into the end of the day. like i said on the prior show, if we get a band-aid, that is worse than getting actually letting us go over the cliff. >> why? >> because i think that if we go over the cliff, then there is clarity and everybody knows what happens, taxes here and spending there, and the only thing that can happen after that is that it can improve because the legislators will talk about cutting the taxes and raising the spending and standing up to say, what a great job we did and pat themselves on the back. if we get a band-aid, al
you had hong kong and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on...
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is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than a few mentions in the presidential campaign. probably because it's pretty clear china is boast a competitor and a partner. >> number four, europe. the european union was frared by too much debt and the austerity plan to fix it. that saga is far from over. number three, the housing market, finally, finally bottomed out. the combination of low home prices and continued record-low mortgage rates set off a building and buying spree. well heeled investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years, as long as they had a hefty downpayment. >> number two. >> cnn projects barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism, spending and cutting, about what kind of role
is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than a few mentions in the presidential campaign. probably because it's pretty clear china is boast a competitor and a partner. >> number four, europe. the european union was frared by too much debt and the austerity plan to fix it. that saga is far from over. number three, the housing...
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china's numbers have improved lately, and you have political stability back. so the volatility of the instability factors that are outside have reduced overtime. the real threat that we have is here, with us, and that can be addressed. >> but when you look at -- i understand that bangs being downsides our down afraided, you have more than 11% unemployment in the euro zone, which is a good deal higher than here, are those things threats to the u.s. economy, or do you think it is now destabilizing, or has the potential to destabilize the world economy? >> i think because it is relatively closed, it trades with itself and immediate neighbors, is less vulnerable to what happens outside, for instance in europe. but, the consequences would be relatively minor. it is more exposed to it's own difficulties, and it's own issues, than to what happens elsewhere in the world, because it is such a large player. >> so we're our own 5,000 pound gor ri gorilla. >> let me ask you as a final question, january 2nd arrives, no deal, what will we notice first? >> lack of citizen, m
china's numbers have improved lately, and you have political stability back. so the volatility of the instability factors that are outside have reduced overtime. the real threat that we have is here, with us, and that can be addressed. >> but when you look at -- i understand that bangs being downsides our down afraided, you have more than 11% unemployment in the euro zone, which is a good deal higher than here, are those things threats to the u.s. economy, or do you think it is now...
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is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than femeio ith pannud co-l pirti byewee o le3% to a f owfo t utestates. >> number eight, facebook's ipo, hundreds of millions of people like facebook, but investors did not in its first day as a trading company. questions about nasdaq and the company's ability to make money on mobile users pummeled the stock which has yet to climb back to its ipo price. >> number seven, mother meyer. the new ceo of yahoo, who announced she was just going to take a two-week maternity leave as she tried to turn the company around. looks like a mother's touch is just what yahoo needed. >> number six, mother nature. a drought in the midwest that scorched the corn and bean crops. who can forget superstorm sandy? neighborhoods along the northeast swept away. millions without power, and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and wh
is china slowing or is china leading the world? we know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china also getting more than femeio ith pannud co-l pirti byewee o le3% to a f owfo t utestates. >> number eight, facebook's ipo, hundreds of millions of people like facebook, but investors did not in its first day as a trading company. questions about nasdaq and the company's ability to make money on mobile users...
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china is not a testimony democracy. they have a centralized government and what they're watching is some of the confusion that exists in democracy. democracy has a lot of advantages, but making decisions quickly is not one of them. >> all right. how about treasury secretary tim geithner? he says we are about to hit that debt ceiling, the legal limit at which a country can borrow money to pay its bills. and that has as much effect on markets as the cliff, correct? >> absolutely. and maybe even more. because the worst thing that could happen is that we stop paying our bills. the world is willing to give us money to help us pay our bills, the world is willing to accept a lot of things. but if the u.s. government stops paying its bills because it has hit the debt ceiling, that could be disastrous. that would mean clearly an entry into a recession and a lot of unemployment. because that would cause the faith and credit of the u.s. to be put in jeopardy. >> thank you very much for talking to us. and as demonstrated, the fisca
china is not a testimony democracy. they have a centralized government and what they're watching is some of the confusion that exists in democracy. democracy has a lot of advantages, but making decisions quickly is not one of them. >> all right. how about treasury secretary tim geithner? he says we are about to hit that debt ceiling, the legal limit at which a country can borrow money to pay its bills. and that has as much effect on markets as the cliff, correct? >> absolutely. and...
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> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number two. cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism, about spending and cutting, about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after th
> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low...
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you have china militarizing in that region, north korea and so much commerce, money, and trade that everyone depends on now in asia. to have the militarization of the region by two such uncertain countries with uncertain tensions it is a chilling affect on the world economy. first the u.s., the national security concern about what north korea mooib might do. the deeper, broader, long-term concern about economics and trade in the region, but for them to achieve this kind of success with a long-range missile launch, that means combined with their nuclear program, by the way, of course means the concern now full tilt that they have the capability for an intercontinental ballistic missile launch, potentially in the future with a nuclear warhead and that could put hawaii, alaska and the west coast of the united states one day at risk. >> victor cha, when the government says at no time was the missile or the debris a threat to america. is it a matter of time before kim jong-un is a threat to america. >> it is only a matter of time and the time is getting shorter. it is not also the risks that barb
you have china militarizing in that region, north korea and so much commerce, money, and trade that everyone depends on now in asia. to have the militarization of the region by two such uncertain countries with uncertain tensions it is a chilling affect on the world economy. first the u.s., the national security concern about what north korea mooib might do. the deeper, broader, long-term concern about economics and trade in the region, but for them to achieve this kind of success with a...
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at least the democrats are responsible enough to get loans from china. the republicans want to do it without paying for it without any fiscal discipline. at one point the republicans have to do it -- the pledge was the last they based it on. >> nothing was done, though. that's a bad thing, aaron. >> why? i'm not sure that it is. i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will somehow get us a better compromise is absolutely silly. some of these guys have been voted out by the american public. maybe we should wait until the new people who have been through this before and just through the campaign, when they come in and change, i just have a hard time believing this congress, the one that got us into the mess we are dealing with, will somehow field a way to get out of it. >> i understand w
at least the democrats are responsible enough to get loans from china. the republicans want to do it without paying for it without any fiscal discipline. at one point the republicans have to do it -- the pledge was the last they based it on. >> nothing was done, though. that's a bad thing, aaron. >> why? i'm not sure that it is. i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other...
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the letter goes on to say the product was produced by the labor camp in china. people who work here have to work 15 hours a day without saturday, sunday break, and any holidays. otherwise they will suffer torturement, beat, and rude remark. julie keith posted the letter on her facebook page asking friends what she should doll with it. she has since turned over the letter and the box that it came in to immigration enforcement. the case is under investigation. it is illegal to import products made by forced labor. keith is convinced that the letter is real but neither has cnn or officials been able to confirm the authenticity. the offenders are often accused of petty crimes and can be detained up to four years without any judicial process. >> the idea is they are being allowed to work while under detention. there has been a push by some sectors in china to reform or resend such labor camps. >> there is a labor camp, the chinese embassy in washington did not return cnn calls and it's been likely the letter is legitimate and the halloween decoration was marketed and
the letter goes on to say the product was produced by the labor camp in china. people who work here have to work 15 hours a day without saturday, sunday break, and any holidays. otherwise they will suffer torturement, beat, and rude remark. julie keith posted the letter on her facebook page asking friends what she should doll with it. she has since turned over the letter and the box that it came in to immigration enforcement. the case is under investigation. it is illegal to import products...
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only china and ethiopia had more, about 2,500 from china, a little more than 1,700 from ethiopia. now, a big reason americans adopt from other countries is the sheer number of available children in russia. there are more than 650,000 orphans. compare that to the united states where there are a little more than 58,000 children living in state institutions or group homes. and adopting babies from american agencies can also be more expensive, and the adoptive parents may be required to have a future relationship with the birth mother. the u.s., of course, not happy with the russian president signing this adoption ban. and the united states is essentially letting russia know. i want to bring in our reporter at the state department. how are officials responding to this, and what can they possibly do? >> reporter: well, suzanne, as you know, the state department kind of handles these adoptions for u.s. parents to help them through the process, also with visa issues, citizenship issues, and issued a pretty tough statement this morning, saying the russian government's politically motivate
only china and ethiopia had more, about 2,500 from china, a little more than 1,700 from ethiopia. now, a big reason americans adopt from other countries is the sheer number of available children in russia. there are more than 650,000 orphans. compare that to the united states where there are a little more than 58,000 children living in state institutions or group homes. and adopting babies from american agencies can also be more expensive, and the adoptive parents may be required to have a...
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first is china, second is ethiopia, third is russia. there were about 35,000 adoptions of russian children by americans since 1999. and yesterday i spoke with various adoption agencies, people who had adopted from russia, people who are hoping to. so those hoping to don't know what's going to happen. one assumes that on wednesday, the upper house of parliament will pass this, but putin has to sign it. and he said on thursday he's going to look at it very carefully, but he is furious with the americans because of this magnitski act. >> what happens if there's an adoption in process? >> it's unknown at this point. one assumes it will go through. but i spoke to people who are very anxious. and at the end of this, children waiting to be adopted. they're not quite sure yet what's going to happen. >> i know you'll keep an eye on that for us, thank you. appreciate it. >>> well, this is going to make the holidays a lot sweeter for thousands of people. it's el gordo, or the fat one as in big fat jackpot. the world's biggest lottery. [ bells ding
first is china, second is ethiopia, third is russia. there were about 35,000 adoptions of russian children by americans since 1999. and yesterday i spoke with various adoption agencies, people who had adopted from russia, people who are hoping to. so those hoping to don't know what's going to happen. one assumes that on wednesday, the upper house of parliament will pass this, but putin has to sign it. and he said on thursday he's going to look at it very carefully, but he is furious with the...
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china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you something from the report, in the tectonic shift, asia will have surpassed north maeshg and europe combined in terms of global power, based upon gdp, population size, military spending and technological spending. china alone will probably have the largest economy, surpassing that of the united states a few years before 2030. people because of technology, people really have more power than they've ever had before, individuals have more power an that can also cause problems with, you know, people using technology for ill means. >> is this the whole report? >> the 140-page rundown. i'm sure the president gets a bigger one. >> this is an intelligence report. >> yes. >> why on earth would anyone buy a jillion doll
china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you something from the report, in the tectonic shift, asia will have surpassed north maeshg and europe combined in terms of global power, based upon...
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china is a big player here, because they have the most influence. they have to figure out how to deal with this new leader. i mean, they've got nuclear weapons. they've got missile technology, but they're also very poor. they're also possibly their sending a trial balloon saying, we want to bargain. i don't know, because very few people have met this new leader and which direction he wants to go is still uncertain. >> so in a lot of all that, i mean, what do you recommend if you were actually advising president obama at this time to do? people don't know who he is. he, obviously, is trying to do the muscle flex here. the six-party talks have been a failure. they basically ended back in 2009. what would you recommend? >> well, i'm not privy to their deliberations. what i would recommend is, first, you do have to fulfill obligations under the security council. there was a violation of missile launching. but i think a more creative way to deal with him needs to happen, and it has to solve south korea, japan, china and us principally. maybe engagement,
china is a big player here, because they have the most influence. they have to figure out how to deal with this new leader. i mean, they've got nuclear weapons. they've got missile technology, but they're also very poor. they're also possibly their sending a trial balloon saying, we want to bargain. i don't know, because very few people have met this new leader and which direction he wants to go is still uncertain. >> so in a lot of all that, i mean, what do you recommend if you were...
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all chrysler said is it may make extra jeeps in china. here's what i said about romney's surprising misunderstanding of the auto industry back then. >> for decades and decades and decades, american auto companies have made cars in the countries or the regions in which they sell them. i want to remind americans when they buy toyotas and hondas and hyundais and nissans in america that are assembled here, back home somebody said why are you shipping our jobs to america? it shows a misunderstanding by the romney camp to try and get under people's nails about jobs and cars being made elsewhere. >> christine didn't see that coming and got stuck listening to my rant. they knew all of this very well and chrysler immediately denied the claim and romney stood by his ad. i don't need to tell you what an important swing state ohio is. there may be a host of reasons he department carry the state in the end, but his stunt didn't help. he tried to deceive ohioans and it backfired. mitt romney lost his best chance at the white house. the lie of the year
all chrysler said is it may make extra jeeps in china. here's what i said about romney's surprising misunderstanding of the auto industry back then. >> for decades and decades and decades, american auto companies have made cars in the countries or the regions in which they sell them. i want to remind americans when they buy toyotas and hondas and hyundais and nissans in america that are assembled here, back home somebody said why are you shipping our jobs to america? it shows a...
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we just said he was in china. he was in china just 15 minutes ago. there are 1.3 billion people. santa has managed to gift every one of those people there and now he's in the philippines. kids, get ready. get the milk and cookies going. we'll be right back. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations
we just said he was in china. he was in china just 15 minutes ago. there are 1.3 billion people. santa has managed to gift every one of those people there and now he's in the philippines. kids, get ready. get the milk and cookies going. we'll be right back. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. make a...
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china has it, and, well, we don't. we'll explain that one, coming up. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >>> it is 47 minutes past the hour. let's get you to the top stories. tornadoes. 186,000 people without power in arkansas. me more than 27,000 out in alabama and thousands in the dark in mississippi and louisiana as well. >>> a beast of a snowstorm is crippling parts of the midwest. blizzard conditions in the forecast for ohio, pennsylvania and missouri. some places could see a foot of snow or more. >>> look at this. look what it looks like here in indiana. leave look at seymour, indiana, where it's coming down pretty hard. we had a better shot earlier, but they will get a ton of snow today and it's blizzard conditions there right now. >>> and china has la
china has it, and, well, we don't. we'll explain that one, coming up. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >>> it is 47 minutes past the hour. let's get you to the top...
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regret from china? >> china has been their backer, tried to support them quietly in all these talks. but for them to come out today and say we regret that this happened -- >> north korea further isolating themselves. >> further isolating themselves and look at this from another perspective they didn't fire it anywhere close to japan because the japanese have set up anti-ballistic missiles and they have told the north koreans, we will shoot them down. remember what the fundamentals are of this north korean missile program. first of all, they'll sell it to anybody that has the cash. but second of all, it is blackmail. give us money for food, give us money for technology, give us money, give us energy, give us oil, otherwise we may kill a whole lot of people. we're going to be out there with that threat and they will be appeased. strategy isn't working with the south koreans. isn't working with the japanese. other asians are now lining up. they're looking at all of this and saying, we can't allow this. thi
regret from china? >> china has been their backer, tried to support them quietly in all these talks. but for them to come out today and say we regret that this happened -- >> north korea further isolating themselves. >> further isolating themselves and look at this from another perspective they didn't fire it anywhere close to japan because the japanese have set up anti-ballistic missiles and they have told the north koreans, we will shoot them down. remember what the...
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pass. >> you don't think china will try to veto it? >> i don't think they will veto it. they don't want north korea doing this. >> china is the only ally that they really have. i wonder, do you think it's possible they didn't inform china in advance of the timing of this launch? >> it's possible they did not. people now suspect that the information that we had that north korea was moving its rocket, something was wrong with it, was it an intentional deceptive move? they thought there would be attempts to shoot it down. they wanted to fool japan. they succeeded. >> and it certainly does strengthen the new young leader kim jong-un domestically. >> absolutely. they have been trying since 1998 to launch a long-range missile and they failed in the previous four attempts. they succeeded in this. it's not a rocket that can deliver a major warhead. there are marriajor hurdles to >> they have done in north korea where a lot of people are starving what south korea has been unable to do. >> by choice, actually. >> they haven't launched a satellit
pass. >> you don't think china will try to veto it? >> i don't think they will veto it. they don't want north korea doing this. >> china is the only ally that they really have. i wonder, do you think it's possible they didn't inform china in advance of the timing of this launch? >> it's possible they did not. people now suspect that the information that we had that north korea was moving its rocket, something was wrong with it, was it an intentional deceptive move? they...
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takes this plodding economy into possibly an economy that's doing quite badly in a world, martin, where china is doing not as well, brazil isn't, india, europe's at a standstill. we can't afford this. it's that intangible that's more serious than how much you pay in taxes in 2013. >> before you go, how do you think the markets refact there's a stopgap measure? are they going to fear that more than if there was a permanent deal? >> markets hate uncertainty. that's the one thing. if we've got a stopgap measure, do we have a sense of when it will be resolved? some say go over the cliff, let's see what that looks like. i'd bo worried about that. we had a drop-off in the market on friday and that's about investors being uncertain about monday morning. i'll keep my eyes close to the markets on sunday night when asian markets open and monday when we have a shortened trading day. if washington doesn't get its act together, the investors may send a strong message to washington to do something. >> ali velshi, thank you. >>> you can learn more about the fiscal cliff and other issues that are affecting y
takes this plodding economy into possibly an economy that's doing quite badly in a world, martin, where china is doing not as well, brazil isn't, india, europe's at a standstill. we can't afford this. it's that intangible that's more serious than how much you pay in taxes in 2013. >> before you go, how do you think the markets refact there's a stopgap measure? are they going to fear that more than if there was a permanent deal? >> markets hate uncertainty. that's the one thing. if...
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you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a negative impact, and he said if there's no deal before the year's end. europeans tonight are -- not that it makes much difference. are calling very firmly on all the parties in washington to get a deal done. >> so, richard, i don't know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a
you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few moments ago to ali rand. he's the vice president for the urpian commission and he's the economics commissioner for the yourian union. the chief if you like of economics. he said we're concerned about the u.s. going over the cliff. it's time for a partial deal, and we support the efforts of u.s. policymakers. he said it would have a...
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stock futures up after positive data overnight on china's manufacturing sector. the s&p 500 up more than 12% since the start of the year. >> and there is a lot of key mi economic data this week. u.s. auto sales, manufacturing, construction, spending numbers today, plus a crucial update on the health of the labor market on friday through the big november jobs report. of course, investors will be watching fiscal cliff negotiations in washington all week long. >>> ford is issuing recalls for two of its newest and biggest-selling models. the 2013 escape crossover and the 2013 fusion sedan. ford is urging owners to contact their dealers as soon as possible because the eco boost engines can overheat and catch on fire. the recall effects nearly 90,000 vehicles. >>> autism, bing eating, mod disorders and hoarding are being changed in the bible of psychiatry. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for m
stock futures up after positive data overnight on china's manufacturing sector. the s&p 500 up more than 12% since the start of the year. >> and there is a lot of key mi economic data this week. u.s. auto sales, manufacturing, construction, spending numbers today, plus a crucial update on the health of the labor market on friday through the big november jobs report. of course, investors will be watching fiscal cliff negotiations in washington all week long. >>> ford is...
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. >>> a fight over a small cluster of uninhabited lands between japan and china. japan sent eight fighter jets after a chinese plane was seen near the islands. it was gone by the time they got there. china continues to claim the islands. the islands have been in japanese control for years. japan bought the privately owned islands in september. >>> some are calling it a break-through, north korea making its first successful long range rocket launch but less than 24 hours after liftoff a u.s. official tells cnn the country may not be in full control of the satellite. joining me is cnn contributor and retired u.s. army general spider marks. good morning. >> good morning. >> what does this mean? is this a setback for north korea? >> it's not a setback at all for north korea. north korea successfully launched something into an extra atmospheric orbit, albeit it's not control. they were able to build a three-stage missile and get an object into space. >> here is how leon pa net ta spoke about it. he spoke to erin burnett in afghanistan. >> this is a clear provocation. w
. >>> a fight over a small cluster of uninhabited lands between japan and china. japan sent eight fighter jets after a chinese plane was seen near the islands. it was gone by the time they got there. china continues to claim the islands. the islands have been in japanese control for years. japan bought the privately owned islands in september. >>> some are calling it a break-through, north korea making its first successful long range rocket launch but less than 24 hours after...
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first is china, second is ethiopia and third is russia. there were about 45,000 adoptions of russian children by americans since 1999. randi, yesterday i spoke to various adoption agencies, people who had adopted from russia, people who are hoping to. those hoping to don't know what's going to happen. one assumes that on wednesday the upper house of parliament will pass this. he said on thursday he is going to look at it very carefully but he is furious with the americans because of this act. >> what happens if there's an adoption already in process? >> it's unknown at this point. one assumes it will go through. i spoke to people who are very anxious and at the end of this, children who are waiting to be adopted. so they're not quite sure yet what's going to happen. >> natdia, i know you will have more for us. >>> if you're eating breakfast, eating cereal, you may want to consider eating it dry. what you could pay for gallon of milk. ♪ i'll be home for christmas, ♪ you can count on me, ♪ i'll be home for christmas, ♪ if only in my
first is china, second is ethiopia and third is russia. there were about 45,000 adoptions of russian children by americans since 1999. randi, yesterday i spoke to various adoption agencies, people who had adopted from russia, people who are hoping to. those hoping to don't know what's going to happen. one assumes that on wednesday the upper house of parliament will pass this. he said on thursday he is going to look at it very carefully but he is furious with the americans because of this act....
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you are using cheap labor in china. not going to have that in the united states and also you're talking about adding infrastructure costs. how that might impact the bottom line, you know, remains to be seen and tim cook made it clear this is not a financial move necessarily. this is a move to really bring back jobs to the united states and do something positive for the american economy. >> yeah. i guess i say hopefully. precisely the point. so many people want the jobs in this country. thank you. >>> all right. hour two. welcome back. i'm brooke baldwin. concerns rising over chemical weapons sites in syria and first time defense secretary panetta says the most recent intelligence he has raises serious concerns. >> the whole world is watching. the whole world is watching very closely and the president of the united states has made very clear that there will be consequences. there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. >> we're going to talk a
you are using cheap labor in china. not going to have that in the united states and also you're talking about adding infrastructure costs. how that might impact the bottom line, you know, remains to be seen and tim cook made it clear this is not a financial move necessarily. this is a move to really bring back jobs to the united states and do something positive for the american economy. >> yeah. i guess i say hopefully. precisely the point. so many people want the jobs in this country....
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you're using cheap labor in china. you're not going to have that in the united states, and also you're talking about adding infrastructure costs, how that might impact their bottom line remains to be seen, but tim cook made it clear this is not a financial move necessarily. this is a move to really bring back jobs to the united states and do something positive for the american economy. >> for now apple isn't saying which computer will be built in the u.s. you can be sure a lot of people will wait to see that. stay tuned. >> a senate bombshell. tea party candidate jim demint catches everyone off guard announcing his return from the senate. my interview with him straight ahead. paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgr
you're using cheap labor in china. you're not going to have that in the united states, and also you're talking about adding infrastructure costs, how that might impact their bottom line remains to be seen, but tim cook made it clear this is not a financial move necessarily. this is a move to really bring back jobs to the united states and do something positive for the american economy. >> for now apple isn't saying which computer will be built in the u.s. you can be sure a lot of people...
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. >>> unbelievable video out of shanghai, china, where a 33-ton aquarium full of sharks exploded, sending sharks flying everywhere and terrified shoppers running for their lives. 16 people suffered cuts and bruises. no one was seriously hurt. three lemon sharks were killed in the incident, though. >>> just five days left until the united states crosses over the so-called fiscal cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this week we're looking at how it will affect you and your pocketbook. today we're focusing on that potentially higher tax bill. ryan mack is president of optimum capital management and joins me via skype from detroit. good morning again, ryan. >> good morning, how are you doing? >> i'm doing pretty good, but we have to talk about tax rates and after that i don't know how i'll be doing. >> i understand. i understand. >> how much higherould tax rates go? >> well, we're looking at the top tax rate going to as high as 39.6% from 35%, the discussions of compromising a level of 37%. capital gains taxes increasing from 15% to
. >>> unbelievable video out of shanghai, china, where a 33-ton aquarium full of sharks exploded, sending sharks flying everywhere and terrified shoppers running for their lives. 16 people suffered cuts and bruises. no one was seriously hurt. three lemon sharks were killed in the incident, though. >>> just five days left until the united states crosses over the so-called fiscal cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this...